Kyiv–based JSC International Investment Bank’s assets in the third quarter of 2019 shrank by 53.8 percent to Hr 3.065 billion.
The bank’s cash and cash equivalents decreased by 89.5 percent, to Hr 273.59 million, financial assets calculated at fair value through profit or loss fell by 56.5 percent, the bank said in its quarterly report posted on its website.
In the third quarter, IIB’s liabilities decreased 56.5 percent, to Hr 2.666 billion, including a 65.5 percent decrease in customers’ funds, to Hr 2.08 billion.
In total, the bank’s assets in January through September 2019 declined by almost 67.8 percent and liabilities by 70.6 percent.
The bank’s net profit for the third quarter of 2019 amounted to Hr 17.78 million, which is 17.9 percent more than in the same period last year.
In January-September, its net profit amounted to Hr 50.53 million, which is 31.1 percent more than for the corresponding period of 2018.
Net interest income for the nine months of this year decreased by 9.9 percent compared with the same period last year, to Hr 111.62 million.
The bank’s net worth since the beginning of the year has increased by 14.5 percent, to Hr 398.84 million, in particular, its charter capital has expanded by 21.7 percent, to Hr 333.60 million.
JSC International Investment Bank was registered in March 2008. Its major shareholders as of Jan. 1, were Petro Poroshenko with 60 percent, Ihor Kononenko with 14.94 percent, Oleh Hladkovsky and Oleh Zimin with 9.908 percent each, as well as Kateryna Vorushylina and Serhiy Vorushylin with 2.5994 percent and 2.5984 percent, respectively, and Oleksiy Poroshenko with 0.006110 percent and Yulia Hladkovskaya with 0.000001 percent.
The bank ranked 24th among 76 operating banks in terms of total assets as of July 1, according to the National Bank of Ukraine.
